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Hot f o r publication BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM March 9, 1959 L.4.2 MATURITIES ON AUTOMOBILE INSTALMENT LOANS DECONTROLLED m m J A M M H R s i x MONTHS 1 5 5 9 ^ NECEMBEE 1 5 5 8 (Percentage distribution of contracts) Maturities Jan. Total Purchased Pai Dec. Dec. Jan. 26.2 12.4 61.1 New cars 24 months or l e s s 25-30 months 31-36 months Over 36 months Total 33.4 14.8 51.5 __0-3 100.0 34.0 15.8 49.8 _0.4 100.0 Used cars l / 12 months or l e s s 13-18 months 19-24 months Over 24 months Total 17.7 18.7 40.9 22.7 100.0 18.5 19.4 39.5 22.6 100.0 Jan. Direct loans Dec. 100.0 26.7 13.2 59.5 0.6 100.0 47.3 19.7 32.9 0.1 100.0 47.4 20.4 32,1 0.1 100.0 12.6 14.8 42.2 30.4 100.0 13.2 16.2 41.0 29.6 100.0 26.9 25.7 38.5 8.9 100.0 27,9 25.1 36.9 10.1 100.0 l l / Figures a r e predominately f o r l a t e model used cars but include data from a few banks f o r a l l used c a r s . NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 128 banks f o r December and January and a r e n o t intended to be estimates f o r a l l commercial banks. I n January r e p o r t s covered about 24,000 c o n t r a c t s on new c a r s , 16,000 purchased and 8,000 d i r e c t , and 22,000 c o n t r a c t s on used c a r s , 14,000 purchased and 8,000 d i r e c t . Since composition of the group of banks changes from month t o month, data are not comparable with previous r e l e a s e s . For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as a p e r centage of d e a l e r c o s t , see following pages. Not f o r publication L.4.2 - 2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JANUARY 1959 AND DECEMBER 1958 NEW CARS Contract balance as percentage of dealer cost if (Percentage d i s t r i b u t i o n of contracts) Maturities 24 months Over 3b 25-30 31-36 or l e s s months months months Jan. 1 Dec. Jan. I Dec. Jan. I Dec. Jan. 1 Dec. To1bal Jen. 1 Dec. PURCHASED PAPER 80% or l e s s 81# to 90% 91# to 100# 101% to 110# Over 110# Total 16.8 3.2 4.7 1.3 4.6 2.0 3.5 1.7 26.1 26.5 12.3 16.9 3.5 3=3 1.5 3-9 10.6 2.7 12.9 4.7 21.5 2 . 1 11.2 0.5 - 2 : 2 13.9 61.5 11.4 11.7 20.8 0 . 1 10.1 0.1 0.3 0.1 32.1 18.4 28.4 14.4 _6J 32.1 17.7 30.5 13.6 59.1 0 . 1 0.5 100.0 100.0 7-8 5.6 7-7 0 . 1 3.3 1.2 0.1 52.7 17.8 19.4 5.5 4.6 49.3 19.3 19.8 7.7 3.9 0.1 oil 100.0 100.0 0.1 0.1 0.2 37.8 18.3 26.0 11.9 6.0 37.1 18.2 27.3 11.9 5.5 0.1 0.3 ' LOOvO 100.0 DIRECT LOANS 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 30.0 5.8 6.4 1.2 2.3 29.4 7.6 5-9 3.0 2.0 12.3 6.4 5.6 1.0 0.4 12.1 10.4 6.1 5.6 6 . 1 7-3 1.4 3.3 1.9 0.7 45.7 47.9 25.7 26.4 28.5 25.6 * * TOTAL 80# or l e s s 81# to 90# 91# to 100# 101# to 110# Over 110# Total 20.5 4.1 4.2 1.4 1.3 20.4 4.6 5.0 1.8 1.0 6.7 3.3 4.1 1.5 0.4 31.5 32.8 16.0 6.3 10.6 10.4 3.6 10.9 9.9 5 - 1 17.6 17.0 2.0 8.1 9-0 0.6 4.3 3.9 17.6 52.4 49.3 1/ Contract "balance does not include finance and insurance charges. * Less than one-tenth of one per cent. NOTE: Distributions are based on tabulations of data from 72 banks f o r December and January and are not intended to be estimates f o r a l l commercial banks. In January reports covered about 12,000 contracts on new cars, 9,000 purchased and 3,000 d i r e c t . Since composition of the group of banks changes from month to month, data are not comparable with previous r e l e a s e s . Not' f o r publication - 3 - L.U.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) JANUARY 1959 AND DECEMBER 1958 * USED CARS (Percentage d i s t r i b u t i o n of contracts) Maturities Contract balance 12 months 19-2 U Over 2U 13-18 as percentage of or l e s s months months months •wholesale value 1/ 2/ Jan. I Dec. Jan.1 Dec. Jan.j Dec. Jan.} Dec. Total Jan. j Dec. PURCHASED PAPER 80% o r l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 3.6 1.7 1.7 1.6 2.0 a.i 1.1 2.2 1.5 1.8 5.0 2.0 2.3 1.9 2.3 5.2 2.0 3.0 i.e 2.9 9.7 7. it 11.6 7.6 - M 9.2 6.1 9.6 8.6 Jbl 5.1 6.U 9.3 6.1 5.1 10.6 10.7 13.5 11.9 h3.l4 hl.O 32.5 18.5 17.0 2.7 2.9 1.2 1.0 15.2 3.9 5.5 25.7 !'2L.8 5.8 6.0 9.h 6.7 5.5 23. it 17.5 25.ii 17.2 16.5 2lt.3 15.2 2b. 2 18.6 17.7 33. It !: 100.0 100.0 DIRECT :ID APS 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 2.5 3.0 0.6 1.1 8.8 1.9 2.2 1.3 1.6 8.9 1.7 15.8 15.9 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 1 / Pnnf riin+ Vi 11 inn 2.1 1.U 1.5 1.6 13.6 3.5 5.0 1.6 1.6 15.6 15.3 2.0 8.1 6.h 2.1 8.8 ' 8.3 2.6 2.8 3.1 1 . 1 2.5 _3-3 1.0 h.U 1.8 2.3 3.1 1.9 27.7 25.3 37.8 36. it 8.8 13.5 100.0 100.0 8.6 2.7 3. It 1.7 2.1 8.3 2.6 3.8 1.7 11.7 7.7 10.6 6.0 11.5 6.2 9.1 6.6 5.9 ii.O it. 9 7.3 h.3 3.7 5.3 n. a 6.8 5.3 33.1 17.2 23.5 13.3 12.9 3ii.O lit. 9 22.1 15.0 1U.0 26.0 100.0 100.0 1.5 2.k _&5 18.5 18.8 ill. 5 39.3 2it.2 b.2 k 51.3 ; 5 0 . 3 16.6 lit. it 18.5 19.9 6.0 9.0 6.2 7.8 r r ^ 2/ Wholesale value represents "average wholesale," "as i s , " "or buying value" as indicated by used car, guides. NOTE; Distributions are based on tabulations of data from 72 banks f o r December and January and are not intended to be estimates for a l l commerical banks. I n January reports covered about 10,000 contracts on used c?rs, 7,000 purchased and 3,000 d i r e c t . Since composition of the group of banks changes from month to month., data are not comparable with previous r e l e a s e s .
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